Delivering simple, fast, and competitive equipment financing solutions.
NewLane Finance: Specializing in Equipment Finance
NewLane Finance is the equipment finance subsidiary of WSFS Bank that provides small to mid-size businesses nationwide with a simple, secure, and fast lending experience.
With NewLane’s point-of-sale financing solutions, equipment dealers and distributors can increase equipment sales while simplifying how businesses purchase essential equipment. NewLane specializes in a broad range of industries, including commercial and industrial, technology, healthcare, veterinary, titled vehicles, and more.
For many small businesses, surviving today’s economic uncertainty means that being conservative with working capital is a necessity. Some can get by with hiring freezes or finding ways to cut down on operational costs. For those who need to purchase or upgrade expensive equipment to remain competitive, however, cutting down on costs may not be enough.Read More
What You Need to Know About PPP Forgiveness, the New Round of PPP Loans and Additional Stimulus for Your Business
In December 2020, the Federal government passed a new $900 billion stimulus that includes $284 billion in additional Paycheck Protection Program (PPP) funding for small businesses.Read More
During these challenging times, as business owners are looking for new ways to generate new income and increase foot traffic to their storefronts, they may want to consider adding a customer convenience that also brings in revenue – a bank-branded ATM.Read More